DSW`s ann: Major Elimination of Debt & Sale of Assets

DEEPSKY WEBMARKET LIMITED 1999-11-25 ASX-SIGNAL-G
HOMEX - Melbourne
+++++++++++++++++++++++++
The Directors are pleased to announce agreement with all secured debt
holders for the restructuring of the balance sheet. As part of this
restructuring overheads will be reduced by a transfer of certain
assets and personnel.
Enclosed for release to the market is a summary of the proposals,
some of which will0
be subject to Shareholders approval.
L Beamsley
COMPANY SECRETARY
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